Woman's Life Insurance Society

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381185570 ✦ Port huron, MI ✦ Designated as a 501(c)(8)

Overview

What is Woman's Life Insurance Society?

Woman's Life Insurance Society is a Michigan-based nonprofit organization, with a mailing address at 1338 Military Street, Port Huron, Michigan, 48061. With a mission to provide life or other benefits to its members and their dependents and promote fraternal bond, this society currently manages 24,608 active insurance certificates. The organization's workforce consists of 44 employees dedicated to serving its community. By offering life insurance benefits and services, they aim to support and protect their members and their families.


Official website here: www.womanslife.org

Is Woman's Life Insurance Society legitimate?

Woman's Life Insurance Society is a legitimate nonprofit organization registered as a 501(c)(8) entity. Woman's Life Insurance Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $693,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,032,396

For more financial information, click here


Official website here: www.womanslife.org

What is the mission statement of Woman's Life Insurance Society?

The Woman's Life Insurance Society focuses on providing life and other benefits to its members and their dependents. This fraternal organization promotes a sense of community and bond among its members. At the heart of its mission is the provision of life insurance coverage, with over 24,000 policies currently in force. Beyond insurance, the society aims to strengthen the connection among its members.


Official website here: www.womanslife.org

Who is the CEO of Woman's Life Insurance Society?

Christopher Martin is the National President of Woman's Life Insurance Society.


Official website here: www.womanslife.org

What is the revenue of Woman's Life Insurance Society?

Woman's Life Insurance Society's revenue in 2022 was $21,972,546.


Official website here: www.womanslife.org

Who are the executives of Woman's Life Insurance Society and what are their salaries?

The average compensation at Woman's Life Insurance Society during 2022 was $61,958. There are 44 employees and 1 volunteers at Woman's Life Insurance Society.

Here are 12 key members and their salaries:

    Christopher J Martin (National President) [Trustee/Director]
  • Compensation: $259,883
  • Related: $0
  • Other: $30,197

    • Nicholas J Radosta (Dir, Sales & Agency Development)
  • Compensation: $164,482
  • Related: $0
  • Other: $19,745

    • Janet J Carmody (National Secretary)
  • Compensation: $141,916
  • Related: $0
  • Other: $20,017

    • Julie B Langolf (Dir, Office Administration)
  • Compensation: $125,697
  • Related: $0
  • Other: $13,716

    • Julie L Jagoda (National Treasurer)
  • Compensation: $129,600
  • Related: $0
  • Other: $2,386

    • Diane E Lofquist (Chair Of The Board) [Trustee/Director]
  • Compensation: $39,000
  • Related: $0
  • Other: $0

    • Brenda L Doll (Director)
  • Compensation: $18,000
  • Related: $0
  • Other: $0

    • Karen R Palka (Director)
  • Compensation: $15,250
  • Related: $0
  • Other: $0

    • Kathy K Regalado (Director)
  • Compensation: $15,250
  • Related: $0
  • Other: $0

    • Charlene J Yard (Director)
  • Compensation: $15,250
  • Related: $0
  • Other: $0

    • James Hunsanger (Director)
  • Compensation: $7,000
  • Related: $0
  • Other: $0

    • Thomas D Streukens (Director (To May '22))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.womanslife.org

    Where can I find the form 990 for Woman's Life Insurance Society?

    The Woman's Life Insurance Society’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.womanslife.org

    Learn more at the official website: www.womanslife.org

    Mission Statement of Woman's Life Insurance Society

    Woman's Life Insurance Society, a prominent organization, is dedicated to providing life or other benefits to its members and their dependents. The core mission of this society is the promotion of fraternal bond among its members while ensuring their financial security. With over 24,000 active insurance certificates in force, the society takes pride in its commitment to safeguarding the lives of its members and their families.

    The crux of Woman's Life Insurance Society's work lies in the provision of life insurance benefits and services. This nonprofit organization has made it its priority to secure the future of its members and their loved ones. By offering life insurance coverage, the society brings peace of mind to its members, enabling them to focus on their personal and professional growth.

    Woman's Life Insurance Society goes beyond just providing insurance coverage. The organization fosters a sense of community and camaraderie among its members, promoting the fraternal bond. This bond not only creates a strong network of support but also adds value to the membership experience. The society's mission is to care for its members not only in times of need but also throughout their lives.

    Impact

    This information is meant to be a general summary of Woman's Life Insurance Society. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Woman's Life Insurance Society's impact lies in its provision of life insurance benefits and services to its members and their families. With 24,608 certificates in force, this organization plays a crucial role in ensuring financial security and stability for its members in times of need. Additionally, by promoting a fraternal bond among its members, Woman's Life Insurance Society fosters a sense of community and support that goes beyond mere financial transactions. Overall, the society's work directly impacts the lives of its members by providing essential protection and promoting a sense of belonging and solidarity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,936,593
  • Program Service Revenue: $12,627,953
  • Gross Receipts: $28,289,504

    • Assets and Liabilities:
  • Total Assets: $203,511,750
  • Total Liabilities: $189,781,962
  • Net Assets: $13,729,788
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LIFE PREMIUM & ANNUITY CONSIDERAT

    Revenue

    $12,612,142

    MEMBERSHIP DUES & FEES

    Revenue

    $15,811

    Organization Details

    Founding Year

    1892

    Principal Officer

    Christopher Martin

    Main Address

    1338 MILITARY STREET PO BOX 5020, PORT HURON, MI, 480615020

    NTEE Category

    Code: Y40 - Mutual benefit

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